# Tenn. Code Ann. § 56-13-110: License suspension or revocation

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-110

## Section

- **Citation:** Tenn. Code Ann. § 56-13-110
- **Heading:** License suspension or revocation
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 56 / Chapter 13 / Section 56-13-110

## Text

(a) The license of a captive insurance company may be suspended or revoked by the commissioner for any of the following reasons: (1) Insolvency or impairment of capital or surplus; (2) Failure to meet the requirements of § 56-13-105 ; (3) Refusal or failure to submit an annual report, as required by this chapter, or any other report or statement required by law or by lawful order of the commissioner; (4) Failure to comply with its own charter, bylaws or other organizational document; (5) Failure to submit to or pay the cost of examination or any legal obligation relative to an examination, as required by this chapter; (6) Use of methods that, although not otherwise specifically prohibited by law, nevertheless render its operation detrimental or its condition unsound with respect to the public or to its policyholders; or (7) Failure otherwise to comply with the laws of this state. (b) If the commissioner finds, upon examination, hearing, or other evidence, that any captive insurance company has violated subsection (a), then the commissioner may suspend or revoke such company's license if the commissioner deems it in the best interest of the public and the policyholders of such captive insurance company, notwithstanding any other provision of this title. Acts 2011, ch. 468, § 1.
(a) The license of a captive insurance company may be suspended or revoked by the commissioner for any of the following reasons: (1) Insolvency or impairment of capital or surplus; (2) Failure to meet the requirements of § 56-13-105 ; (3) Refusal or failure to submit an annual report, as required by this chapter, or any other report or statement required by law or by lawful order of the commissioner; (4) Failure to comply with its own charter, bylaws or other organizational document; (5) Failure to submit to or pay the cost of examination or any legal obligation relative to an examination, as required by this chapter; (6) Use of methods that, although not otherwise specifically prohibited by law, nevertheless render its operation detrimental or its condition unsound with respect to the public or to its policyholders; or (7) Failure otherwise to comply with the laws of this state.
(1) Insolvency or impairment of capital or surplus;
(2) Failure to meet the requirements of § 56-13-105 ;
(3) Refusal or failure to submit an annual report, as required by this chapter, or any other report or statement required by law or by lawful order of the commissioner;
(4) Failure to comply with its own charter, bylaws or other organizational document;
(5) Failure to submit to or pay the cost of examination or any legal obligation relative to an examination, as required by this chapter;
(6) Use of methods that, although not otherwise specifically prohibited by law, nevertheless render its operation detrimental or its condition unsound with respect to the public or to its policyholders; or
(7) Failure otherwise to comply with the laws of this state.
(b) If the commissioner finds, upon examination, hearing, or other evidence, that any captive insurance company has violated subsection (a), then the commissioner may suspend or revoke such company's license if the commissioner deems it in the best interest of the public and the policyholders of such captive insurance company, notwithstanding any other provision of this title.
Acts 2011, ch. 468, § 1.

## Nearby sections

- [Tenn. Code Ann. § 56-13-101 Short title - Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-101.md)
- [Tenn. Code Ann. § 56-13-102 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-102.md)
- [Tenn. Code Ann. § 56-13-103 Names of companies - Certificate of authority](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-103.md)
- [Tenn. Code Ann. § 56-13-104 Names of companies - "Certificate of Authority"](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-104.md)
- [Tenn. Code Ann. § 56-13-105 Capital and surplus requirements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-105.md)
- [Tenn. Code Ann. § 56-13-106 Restrictions on dividends on or distributions from capital or surplus](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-106.md)
- [Tenn. Code Ann. § 56-13-107 Organization of captive insurance company](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-107.md)
- [Tenn. Code Ann. § 56-13-108 Annual reports](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-108.md)
- [Tenn. Code Ann. § 56-13-109 Inspection and examination - Audits](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-109.md)
- [Tenn. Code Ann. § 56-13-110 License suspension or revocation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-110.md)
- [Tenn. Code Ann. § 56-13-111 Investment requirements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-111.md)
- [Tenn. Code Ann. § 56-13-112 Reinsurance](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-112.md)
- [Tenn. Code Ann. § 56-13-113 Membership in rating organizations - Exemption from compulsory associations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-113.md)
- [Tenn. Code Ann. § 56-13-114 Taxation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C13_S56-13-110. Check the current official text before relying on it. Not legal advice.